Financial Performance - The company's revenue from SMT and semiconductor equipment manufacturing increased by approximately 11.98% year-on-year, reaching HKD 229,776,000[9]. - The gross profit for the SMT and semiconductor equipment segment was approximately HKD 95,215,000, higher than the previous year, driven by increased market demand and successful product development[12]. - The energy business generated revenue of approximately HKD 17,264,000, an increase of about HKD 10,654,000 year-on-year, although it requires long-term stable operations to achieve break-even[9]. - The group's total revenue for the year ended December 31, 2024, was approximately HKD 247,040,000, an increase of about HKD 35,245,000 or 16.64% compared to the same period in 2023[25]. - Revenue from SMT and semiconductor equipment and related businesses was approximately HKD 229,776,000, representing a year-on-year increase of about HKD 24,591,000 or 11.98%[26]. - The company reported a net loss attributable to shareholders of approximately HKD 34,417,000 for the year, a decrease of HKD 28,092,000 compared to the previous year[47]. - The company reported a loss before tax of HKD (61,064,000) for 2024, an improvement from a loss of HKD (70,750,000) in 2023, indicating a reduction in losses by about 13.5%[117]. - The net loss for the year was HKD (68,062,000) in 2024, compared to a net loss of HKD (106,812,000) in 2023, showing an improvement of approximately 36.3%[117]. Market Trends and Opportunities - The global SMT equipment market is projected to grow to $15.16 billion within five years, driven by the demand for high-performance SMT equipment in consumer electronics and emerging technologies[16]. - The shipment volume of global wearable devices is expected to approach 800 million units this year, indicating sustained demand for high-performance SMT equipment[17]. - In the automotive sector, SMT is crucial for the electrification and intelligence of vehicles, with SMT solder joints needing to withstand over 100,000 vibration and temperature cycles[18]. - By 2024, China is expected to add 42.46 GW of new energy storage capacity, surpassing pumped storage for the first time, indicating strong growth in the domestic energy storage industry[20]. - The company anticipates that the new energy storage industry will experience rapid development opportunities due to supportive policies and increasing installed capacity[22]. Corporate Strategy and Development - The company aims to continue its focus on technological research and development, process optimization, and market expansion to drive sustainable development[11]. - The company launched a new e-commerce platform, "Nitto Technology Mall," marking a significant step in digital transformation[12]. - The company is actively optimizing the operation of the He Rong power station, focusing on enhancing the reliability of the SVG system and improving battery management systems[14]. - The company expects to achieve a diversified profit model through simultaneous participation in spot trading and frequency regulation services, which will drive performance growth[15]. - The company aims to enhance operational resilience by optimizing product services and business structure while navigating market challenges and uncertainties[23]. Corporate Governance and Compliance - The company has adopted all provisions of the corporate governance code as per the listing rules[67]. - The board has established an appropriate liquidity risk management framework to meet the group's short-term, medium-term, and long-term financing and liquidity management requirements[61]. - The board has conducted ten meetings during the year to review and approve financial statements and operational performance[72]. - The company has established a reporting policy to allow employees and stakeholders to anonymously report any concerns regarding misconduct[103]. - The company’s governance report indicates that it has reviewed its shareholder communication policy, confirming effective communication with shareholders[114]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to developing environmentally friendly products and minimizing operational impacts on the environment[169]. - The company has established an ESG task force to oversee and manage ESG-related matters effectively[171]. - The company emphasizes the importance of health and safety in the workplace, categorizing it as a high priority in its ESG assessment[182]. - The company adheres strictly to various environmental protection laws in China, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[185]. - The company has implemented measures to mitigate the impact of extreme weather events on production operations, including monitoring weather alerts and ensuring employee safety[194]. Employee and Stakeholder Relations - The company emphasizes a "people-oriented" management philosophy, ensuring fair treatment in hiring, promotion, and employee welfare[196]. - The company has implemented a mandatory provident fund scheme for employees in Hong Kong and a local government-managed retirement plan for employees in mainland China[154]. - The company has maintained effective communication and good relationships with key stakeholders, including employees, customers, and suppliers[161]. - The gender ratio among employees in 2024 was approximately 13:3, reflecting the company's commitment to gender equality[86]. - As of December 2024, the total number of employees at the factory is 303, with a gender distribution of 81% male and 19% female[198][199].

Financial Performance - Revenue for the year ended December 31, 2024, increased to HKD 247,040,000 from HKD 211,795,000, representing a growth of approximately 16.6%[2] - Gross profit remained stable at HKD 61,385,000 compared to HKD 61,371,000, indicating a slight increase[2] - Operating loss decreased to HKD 30,081,000 from HKD 46,071,000, showing an improvement of approximately 34.7%[3] - Net loss for the year was HKD 68,062,000, down from HKD 106,812,000, reflecting a reduction of about 36.2%[3] - The company reported a basic and diluted loss per share of HKD 2.36 for the year, down from HKD 4.30[4] - The net loss attributable to the company's owners for continuing operations was HKD 29,717,000 in 2024, down from HKD 37,786,000 in 2023, a reduction of 21.8%[23] - The company reported a net unrealized gain from non-listed equity investments of HKD 8,440,000 in 2024, a significant recovery from a loss of HKD 2,477,000 in 2023[19] - The company reported a pre-tax loss from continuing operations of HKD 61,064,000 for the year ended December 31, 2024[17] - The company reported a net loss attributable to shareholders of approximately HKD 34,417,000 for the year, a decrease of HKD 28,092,000 compared to the previous year[47] Revenue Breakdown - Revenue from industrial products production and sales reached HKD 229,776,000, up from HKD 205,185,000, reflecting an increase of 12.0%[15] - The electricity sales segment generated revenue of HKD 17,264,000, significantly increasing from HKD 6,610,000, marking a growth of 161.5%[15] - The group's total revenue for the year ended December 31, 2024, was HKD 247,040,000, an increase of 16.6% from HKD 211,795,000 in 2023[15] - The group's total revenue for the year ended December 31, 2024, was approximately HKD 247,040,000, an increase of about HKD 35,245,000 or 16.64% compared to the same period in 2023, driven by growth in SMT and semiconductor equipment manufacturing and energy business revenues[29] - Revenue from SMT and semiconductor equipment and related businesses was approximately HKD 229,776,000, representing a year-on-year increase of about HKD 24,591,000 or 11.98%, with a segment gross profit of approximately HKD 95,215,000, up 14.51% from HKD 83,151,000 in 2023[30] Assets and Liabilities - Total assets decreased to HKD 923,846,000 from HKD 960,502,000, a decline of approximately 3.8%[5] - The total assets of the group as of December 31, 2024, amounted to HKD 923,846,000, compared to HKD 960,502,000 in the previous year[17][18] - The total liabilities for the group were HKD 738,925,000, an increase from HKD 706,925,000 in 2023[17][18] - Non-current liabilities decreased to HKD 350,277,000 from HKD 378,175,000, a reduction of approximately 7.4%[6] - The company's cash and cash equivalents increased to HKD 205,301,000 from HKD 183,169,000, representing a growth of about 12.1%[5] - The company's current assets were approximately HKD 422,449,000, with a current ratio of about 108.7%, indicating sufficient liquidity for operational needs[50] - The company's net assets attributable to shareholders decreased by approximately 13.61% to HKD 226,126,000, primarily due to the annual loss[54] Operational Changes - The company has ceased operations in the advanced domestic radar hardware manufacturing and intelligent software development business[7] - The company continues to focus on surface mount technology (SMT) equipment manufacturing and energy business in China[7] - The company is seeking to sell certain assets related to its radar business, with assets classified as held for sale valued at HKD 2,127,000 in 2024 compared to HKD 4,576,000 in 2023[27] - The company's operating expenses decreased by 6.51% year-on-year to approximately HKD 90,973,000, mainly due to the termination of the radar business[45] Market and Industry Insights - The domestic smartphone shipment volume in China reached approximately 286 million units in 2024, reflecting a year-on-year growth of 5.6%[32] - The total number of public charging piles in China increased, with an average of about 71,000 new public charging piles added monthly in 2024, and total charging electricity reached approximately 5.91 billion kWh, a year-on-year increase of 55.2%[33] - By the end of 2024, the total number of mobile phone base stations in China reached 12.65 million, with a penetration rate of 33.6%[34] - The global semiconductor sales grew by 19.1% in 2024, reaching a historical high, with expectations for continued double-digit growth driven by memory and AI semiconductors[34] - The PCB industry is expected to play a crucial role in the electronic manufacturing sector, with the SMT machine market size projected to reach approximately RMB 36.64 billion in 2024, up from RMB 32.81 billion in 2023[35] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with it throughout the year[63] - The audit committee has been established to review and monitor the company's internal controls and financial reporting matters[64] - The company confirms that its securities have sufficient public float as required by the listing rules[67] - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[61] - The company did not declare or recommend any dividends for the year ended December 31, 2024, consistent with 2023[24] Future Outlook - The company expects that the newly adopted and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements[13] - The group anticipates continued growth in the Chinese market, excluding Hong Kong, with revenue reaching HKD 238,133,000, up from HKD 207,811,000[15] - Forward-looking statements regarding the company's business prospects are subject to various factors that may cause actual results to differ significantly[69]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 142.6 million, an increase of 21.8% from HKD 117.0 million for the same period in 2023[3] - Gross profit for the same period was HKD 64.9 million, up 19.5% from HKD 54.3 million year-on-year[3] - Operating loss decreased to HKD 10.8 million from HKD 30.6 million, representing a 64.7% improvement[3] - Net loss for the period was HKD 26.5 million, a significant reduction from HKD 47.0 million in the previous year, marking a 43.5% decrease[4] - The company reported a basic and diluted loss per share of HKD 0.74, improved from HKD 1.92 in the previous year[4] - The company recorded a loss of HKD 10,777,000 for the six months ended June 30, 2024, compared to a loss of HKD 27,959,000 for the same period in 2023, showing a reduction in losses by approximately 61.4%[7] - The group recorded a loss attributable to owners of approximately HKD 10.78 million, a reduction of approximately HKD 17.18 million compared to the previous year, primarily due to improved performance in the SMT and semiconductor equipment segment[28] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 976.4 million, a slight increase from HKD 960.5 million at the end of 2023[5] - As of June 30, 2024, total liabilities increased to HKD 748,458,000 from HKD 706,925,000, representing a growth of approximately 5.9%[6] - Total equity decreased to HKD 227,989,000 as of June 30, 2024, down from HKD 253,577,000 at the end of 2023, reflecting a decline of approximately 10.1%[7] - The company’s non-current liabilities decreased slightly to HKD 371,733,000 from HKD 378,175,000, a reduction of about 1.2%[6] - The company’s retained earnings showed a significant decline, reaching HKD (23,444,000) as of June 30, 2024, compared to HKD 50,079,000 at the beginning of the year[7] Cash Flow and Investments - The company reported a net cash outflow from operating activities of HKD 10,289,000 for the six months ended June 30, 2024, compared to HKD 54,628,000 for the same period in 2023, indicating an improvement in cash flow management[8] - The net cash used in investing activities was HKD 12,444,000 for the six months ended June 30, 2024, an improvement from HKD 17,507,000 in the same period of 2023[8] - Cash and cash equivalents were HKD 180.7 million, down from HKD 183.2 million at the end of 2023[5] - Cash and cash equivalents decreased to HKD 180,715,000 as of June 30, 2024, from HKD 273,446,000 at the beginning of the year, a decline of approximately 33.9%[8] Revenue Segments - Industrial product sales contributed HKD 134,758,000 to the revenue, up from HKD 116,757,000, indicating a growth of 15.4%[14] - The energy business generated revenue of HKD 7,842,000, significantly up from HKD 297,000, marking a substantial increase of 2,546.1%[14] - The revenue from SMT and semiconductor equipment manufacturing and related businesses accounted for 92.36% of total revenue, with a segment revenue of approximately HKD 131.71 million, up 15.04% year-on-year[28] - The energy business segment generated revenue of approximately HKD 7.84 million, with a gross profit of approximately HKD 2.04 million, indicating potential for future growth[29] Market and Economic Outlook - The global economic growth is projected to be around 2.70% in 2024, with Asia continuing to be a major driver of growth[27] - The domestic smartphone shipment in China reached 122 million units from January to May 2024, reflecting a year-on-year growth of 13.30%[30] - The LED display market in China is expected to grow from RMB 53.7 billion in 2023 to RMB 63.4 billion in 2024, with small-pitch LED displays projected to reach RMB 17.4 billion, an increase of 11.80% year-on-year[30] - In the first half of 2024, China's domestic new energy vehicle penetration rate reached 38.60%, with June achieving a record high of 46.60%[31] - By the end of June 2024, cumulative production and sales of domestic new energy vehicles exceeded 30 million units, with Chinese brand passenger cars holding over 61% market share[31] Strategic Focus and Development - The company plans to focus on market expansion and new product development in the upcoming quarters[3] - The management highlighted ongoing efforts in technology research and development to enhance competitive positioning[3] - The group aims to enhance its technological research and development, particularly in the areas of new energy volatility and grid regulation[40] - The company plans to enhance its R&D capabilities and market expansion in the semiconductor equipment sector to improve operational efficiency and create sustainable returns for investors[38] Corporate Governance and Risk Management - The board of directors does not recommend the distribution of an interim dividend for the six-month period ending June 30, 2024, consistent with the previous year[65] - The group has established an appropriate liquidity risk management framework to meet short-term, medium-term, and long-term financing and liquidity management requirements[56] - The board believes that the group's credit risk has been significantly reduced through close monitoring and adequate impairment provisions[55] - The group faces foreign exchange risks due to transactions, assets, and liabilities denominated in various currencies, including RMB, HKD, and USD[57] - The audit committee has reviewed the group's interim performance for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards and regulations[63]

Financial Performance - The company reported a revenue of HKD 142,600,000 for the six months ended June 30, 2024, representing a 21.8% increase from HKD 117,039,000 in the same period of 2023[2] - The operating loss for the period was HKD 64,928,000, compared to a loss of HKD 54,305,000 in the previous year, indicating a deterioration in operational performance[2] - The net loss for the period was HKD 26,518,000, significantly improved from a net loss of HKD 47,004,000 in the prior year[3] - Basic and diluted loss per share improved to HKD 0.74 from HKD 1.92 in the previous year[4] - The company reported a net loss attributable to shareholders of HKD 10,777,000 for the six months ended June 30, 2024, compared to a loss of HKD 27,959,000 in the same period of 2023[17] - The group reported a loss attributable to shareholders of approximately HKD 10,777,000 for the six months ended June 30, 2024, a reduction attributed to improved performance in SMT and semiconductor equipment manufacturing[20] - The group recorded a net loss attributable to shareholders of approximately HKD 10.8 million for the six months ended June 30, 2024, an improvement from a loss of HKD 27.96 million in the same period of 2023[32] Assets and Liabilities - The company's total assets increased to HKD 976,447,000 as of June 30, 2024, up from HKD 960,502,000 at the end of 2023[6] - Non-current assets decreased to HKD 531,732,000 from HKD 554,533,000, primarily due to a reduction in property, plant, and equipment[5] - Current assets totaled HKD 444,715,000, an increase from HKD 405,969,000, driven by higher accounts receivable[6] - The total liabilities increased to HKD 748,458,000 from HKD 706,925,000, reflecting higher accounts payable[6] - As of June 30, 2024, accounts receivable totaled HKD 87,409,000, a significant increase from HKD 58,327,000 as of December 31, 2023, with 0 to 90 days receivables decreasing from HKD 50,359,000 to HKD 37,877,000[18] - Accounts payable reached HKD 86,866,000 as of June 30, 2024, up from HKD 24,850,000 as of December 31, 2023, with 0 to 90 days payables increasing from HKD 24,091,000 to HKD 38,360,000[19] Revenue Breakdown - Industrial products sales contributed HKD 134,758,000, up from HKD 116,757,000, while electricity sales increased to HKD 7,842,000 from HKD 297,000[12] - Revenue from the SMT and semiconductor equipment manufacturing segment was approximately HKD 131,709,000, a year-on-year increase of 15.04%, with a gross profit of HKD 59,835,000, also up by 15.36%[21] - The total revenue from external customers in mainland China was HKD 139,551,000, up from HKD 114,785,000 in the previous year[12] Expenses and Financials - Financial expenses netted at HKD 12,497,000, slightly down from HKD 12,656,000 in the previous year[16] - Other income, including government grants, totaled HKD 4,950,000, an increase from HKD 3,815,000 in the prior year[15] - The company incurred administrative expenses of HKD 59,524,000, reflecting an increase from HKD 66,164,000 in the previous year[13] Cash and Current Assets - The company’s cash and cash equivalents were HKD 180,715,000, slightly down from HKD 183,169,000[5] - As of June 30, 2024, the group's net current assets were approximately HKD 67.99 million, with a current ratio of about 118.05%, supporting daily operational needs[33] - The group held approximately HKD 180.72 million in cash and cash equivalents as of June 30, 2024, a decrease of about HKD 2.45 million from the beginning of the period[34] Business Operations and Strategy - The company has ceased operations in the radar business as of October 31, 2023, focusing on surface mount technology equipment manufacturing and energy sales[7] - The group aims to enhance its pricing capabilities in the frequency regulation market and explore peak-shaving and valley-filling patterns to achieve greater economic benefits[26] - The group is committed to technology research and development, particularly in renewable energy volatility and grid regulation, to improve intelligent monitoring and forecasting capabilities[26] Market Outlook - The domestic LED display market size was approximately RMB 53.7 billion in 2023, with a year-on-year growth of 8.9%, projected to reach RMB 63.4 billion in 2024[22] - The global semiconductor manufacturing equipment sales are forecasted to grow by 3.4% to USD 109 billion in 2024, marking a new historical high[23] - As of the end of 2023, 26 provinces in China have set energy storage installation targets for 2025, totaling 81GW, indicating significant market potential for energy storage frequency regulation[25] - In 2023, major power companies in China completed investments totaling RMB 1,550.2 billion, a year-on-year increase of 24.7%, with renewable energy installations becoming the main focus of domestic power investment[25] Corporate Governance and Compliance - The company emphasizes the importance of good corporate governance practices and has adopted the corporate governance code as per the listing rules[44] - The board has confirmed adherence to the standards of the securities trading code during the six months ending June 30, 2024[43] - The audit committee has reviewed the interim results for the six months ending June 30, 2024, and confirmed compliance with applicable accounting standards and regulations[45] Risk Management - The group faces foreign exchange risk due to transactions and assets denominated in various currencies, including RMB, HKD, and USD, and will continue to monitor these risks closely[41] - The board has established a framework for managing liquidity risk to meet the group's short-term, medium-term, and long-term financing needs[40] - The group has significantly reduced credit risk by closely monitoring overall credit risk levels and ensuring adequate impairment provisions for uncollectible amounts[39] Dividends - The company did not declare or recommend any dividends during the reporting period[16] - The board does not recommend the distribution of an interim dividend for the six months ending June 30, 2024, consistent with the previous year[43] Forward-Looking Statements - The company warns investors about the potential risks associated with relying on unaudited consolidated results and operational data[47] - Forward-looking statements regarding the group's business opportunities and outlook do not guarantee future performance and may differ significantly due to various factors[48]

年度報告 2023 目 錄 | 公司資料 | 1 | | --- | --- | | 主席報告 | 2 | | 管理層討論及分析 | 10 | | 企業管治報告 | 20 | | 五年財務概要 | 35 | | 董事簡介 | 36 | | 董事會報告 | 40 | | 環境、社會及管治報告 | 48 | | 獨立核數師報告 | 67 | | 合併綜合收益表 | 73 | | 合併財務狀況表 | 76 | | 合併權益變動表 | 78 | | 合併現金流量表 | 79 | | 合併財務報表附註 | 81 | 公司資料 董事會 執行董事 袁以沛先生 （主席） 夏源先生 （行政總裁） 非執行董事 李勇軍先生 李進先先生 獨立非執行董事 王彥欣先生 崔宇直先生 鮑毅先生 平凡先生 審核委員會 崔宇直先生 （主席） 李進先先生 鮑毅先生 薪酬委員會 鮑毅先生 （主席） 袁以沛先生 平凡先生 提名委員會 袁以沛先生 （主席） 崔宇直先生 平凡先生 公司秘書 主要往來銀行 星展銀行（香港）有限公司 香港 九龍尖沙咀 彌敦道132-134號 美麗華大廈1208-18室 核數師 致同（香港）會計師事務所有限公司 執業會計師 香 ...

Financial Performance - The company reported total revenue of approximately HKD 211,795,000 for the year, a decrease of about HKD 19,345,000 compared to the previous year[18]. - Gross profit was approximately HKD 61,371,000, down by about HKD 33,143,000 year-on-year, resulting in a gross margin of 29%, a decrease of 12 percentage points[18]. - The company's operating revenue for the year ended December 31, 2023, was HKD 211,795,000, a decrease of approximately 8.36% compared to HKD 231,140,000 in the previous year[42]. - The gross profit for the same period was HKD 61,371,000, down from HKD 94,514,000, indicating a significant decline in profitability[42]. - The group’s revenue for the year ended December 31, 2023, was HKD 211,795,000, a decrease from HKD 231,140,000 in the previous year, representing a decline of approximately 8.4%[97]. - The industrial products segment generated revenue of HKD 205,185,000, while the energy business contributed HKD 6,610,000, indicating a significant reliance on industrial products for overall revenue[103]. - The gross profit for the industrial products segment was HKD 83,151,000, while the energy business reported a gross loss of HKD 21,780,000, leading to a total gross profit of HKD 61,371,000[103]. - The company reported a pre-tax loss from continuing operations of HKD 70,750,000 for the year ended December 31, 2023, compared to a profit in the previous year[103]. - The total comprehensive loss for the year was HKD (106,812) million, compared to HKD (33,329) million in the previous year, marking an increase of 220.5%[8]. - For the fiscal year ending December 31, 2023, the company reported a net loss attributable to shareholders of HKD 62,509,000, compared to a loss of HKD 24,741,000 in the previous year, representing an increase in losses of approximately 152%[154]. Asset Management - The company is seeking to divest certain assets of its radar business, with assets classified as held for sale amounting to HKD 4,576,000 in equipment, HKD 1,964,000 in intangible assets, and HKD 6,125,000 in inventory[6]. - The company has reclassified certain assets from the radar business as "assets held for sale" as of December 31, 2023, indicating a strategic shift in asset management[145]. - The company's non-current assets decreased to HKD 418,929 million from HKD 449,446 million, a decline of 6.75%[59]. - Current assets also saw a decrease, dropping to HKD 405,969 million from HKD 563,736 million, a reduction of 28%[60]. - The total assets of the group as of December 31, 2023, amounted to HKD 960,502,000, with liabilities totaling HKD 706,925,000, resulting in a net asset position[103]. Expenses and Costs - Other income increased to HKD 23,276,000, up by approximately 12.65% from HKD 20,664,000 in the previous year, primarily due to increased rental income[31]. - Distribution costs decreased by approximately 22.71% to HKD 34,929,000 from HKD 45,193,000, reflecting improved cost management[32]. - Administrative expenses rose by approximately 10.40% to HKD 97,311,000 compared to HKD 88,139,000 in the previous year, indicating increased operational costs[33]. - The company reported a significant increase in depreciation and amortization expenses, totaling HKD 54,098,000 for the year, compared to HKD 18,981,000 in the previous year, reflecting a rise of approximately 185%[154]. - The company recorded a loss from the early termination of leases amounting to HKD 214,000, compared to a gain of HKD 32,000 in the previous year[125]. Market and Industry Outlook - The company remains optimistic about the future of the SMT industry despite current challenges, as the technology is essential for high-density electronic assembly[21]. - The domestic smartphone market showed a 6.5% year-on-year increase in overall shipments, with 5G smartphone shipments growing by 11.9%[23]. - The LED market in China is projected to reach RMB 68.4 billion in 2023, with expectations to grow to RMB 72.1 billion in 2024[23]. - The company anticipates that the sales of semiconductor equipment components will rise to USD 22.46 billion by 2024, up from USD 19.54 billion in 2023[8]. Financial Stability - The total liabilities decreased to HKD 234,887,000 from HKD 294,017,000, indicating improved financial stability[41]. - Total liabilities decreased to HKD 706,925 million from HKD 804,461 million, a decrease of 12.14%[64]. - The company's equity attributable to owners decreased to HKD 261,745 million from HKD 316,727 million, a decline of 17.3%[62]. - The company has significantly reduced credit risk by closely monitoring overall credit risk levels and ensuring adequate provisions for uncollectible amounts[194]. - A proper liquidity risk management framework has been established to meet short-term, medium-term, and long-term financing needs, effectively managing liquidity risk[194]. Innovation and Development - The company launched several new products in 2023, including multiple IC bonding machines and semiconductor ovens, with significant improvements in functionality and reliability[24]. - The company obtained 5 new patents in 2023, bringing the total number of design patents to 59 as of December 31, 2023[24]. - The company actively participated in several major industry exhibitions in 2023, enhancing its influence in the market[26]. Foreign Exchange and Financial Risks - The company faces foreign exchange risk due to transactions and assets denominated in RMB, HKD, and USD, and will continue to monitor currency fluctuations closely[195].

Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 117,039,000, a decrease of 18.5% compared to HKD 143,749,000 for the same period in 2022[4] - Gross profit for the same period was HKD 54,305,000, down 17.1% from HKD 65,524,000 year-over-year[4] - The company reported a net loss of HKD 47,004,000 for the six months ended June 30, 2023, compared to a loss of HKD 1,862,000 in the prior year, indicating a significant increase in losses[4] - The basic and diluted loss per share for the period was HKD 1.92, compared to HKD 0.13 in the same period last year[7] - The company reported a net loss of HKD 27,959,000 for the six months ended June 30, 2023, compared to a net loss of HKD 1,862,000 for the same period in 2022, representing a substantial increase in losses[13] - The net loss before tax for the period was HKD 46,478,000, compared to a loss of HKD 1,799,000 in the same period last year[31] - The group recorded a loss attributable to shareholders of approximately HKD 27,959,000 for the period, with total expenses of about HKD 28,185,000[66] Expenses and Liabilities - Administrative expenses rose to HKD 66,164,000, an increase of 69.8% from HKD 38,995,000 in the previous year[4] - The company incurred a net cash outflow from investing activities of HKD 17,507,000 for the six months ended June 30, 2023, compared to HKD 5,325,000 for the same period in 2022, indicating increased investment expenditures[16] - The company’s financing activities resulted in a net cash outflow of HKD 21,205,000 for the six months ended June 30, 2023, compared to HKD 1,722,000 for the same period in 2022, indicating increased financing costs[16] - The net financial expenses for the period were approximately HKD 12,656,000, an increase of about HKD 12,161,000 compared to the same period in 2022[94] - Total liabilities increased significantly, with current liabilities rising to HKD 64,767,000 from HKD 16,232,000[40] Assets and Equity - Total assets decreased to HKD 1,011,865,000 as of June 30, 2023, down from HKD 1,157,741,000 at the end of 2022[9] - Cash and cash equivalents fell to HKD 176,463,000 from HKD 273,446,000, representing a decline of 35.5%[9] - The company reported a significant increase in other income to HKD 3,815,000 from HKD 1,195,000, marking a growth of 218.5%[4] - The total equity attributable to the owners of the company decreased to HKD 288,779,000 as of June 30, 2023, from HKD 316,964,000 as of January 1, 2023, reflecting a decline of 8.9%[13] - The company’s retained earnings decreased to HKD 22,120,000 as of June 30, 2023, from HKD 50,079,000 as of January 1, 2023, reflecting a decline of 55.8%[13] Business Segments and Operations - The company has established two new operational and reporting segments: energy storage business and radar business, to enhance performance evaluation and resource allocation[28] - The energy storage project in Shanxi Province, with a planned total scale of 500 MW/1000 MWh, is expected to start generating sustainable revenue for the group by the end of 2023[47] - The radar business segment generated revenue of approximately HKD 297,000 during the six months ended June 30, 2023[48] - The company is focusing on expanding its energy storage and radar businesses to create greater commercial value[43] - The energy storage and radar businesses are still in the investment phase, leading to delayed revenue generation[66] Market Trends and Opportunities - The global Mini/Micro LED market is projected to exceed USD 2 billion in 2023, with an annual growth rate of over 145%, providing new market opportunities for the group's related equipment products[50] - China's new energy vehicle market share increased from 2.7% in 2017 to 30.1% in May 2023, indicating a strong growth trajectory that will expand demand across the entire industry chain[51] - The total installed capacity of global energy storage projects reached 237.2 GW by the end of 2022, with a year-on-year growth rate of approximately 15%[56] - The cumulative installed capacity of new energy storage in China has reached 1.3 billion kilowatts, with a year-on-year growth of 18.2%, accounting for 48.8% of the total installed capacity[79] - The demand for high-end bird deterrent devices in substations and high-voltage transmission towers is projected to reach a market scale of over HKD 10 billion[63] Corporate Governance and Risk Management - The group has established a liquidity risk management framework to meet short-term, medium-term, and long-term financing needs[109] - The board believes that the group's credit risk has been significantly reduced through close monitoring and adequate impairment provisions[108] - The group faced foreign exchange risks due to transactions and assets denominated in various currencies, with no hedging instruments used during the period[110] - The audit committee reviewed the interim results for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and regulations[118] - The group has maintained its corporate governance practices in accordance with the relevant codes and standards throughout the reporting period[117] Future Outlook - The company plans to adopt both independent construction and cooperative development strategies for energy storage projects across multiple provinces, aiming for rapid deployment and steady progress[77] - The company’s energy storage business is expected to gradually generate revenue starting in the second half of 2023, following the successful completion of the He Rong power station project[79] - Forward-looking statements regarding the group's business opportunities and prospects do not guarantee future performance and may differ significantly due to various factors[125] - Factors affecting actual performance include general industry and economic conditions, changes in customer demand, and government policy changes[125]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之内容概不負責，對其準確 性或完備性亦無發表聲明，且表明不會就本公告全部或任何部分内容而產生或因倚賴該等内 容而引致之任何損失承擔任何責任。 SINO ICT HOLDINGS LIMITED 芯 成 科 技 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號 : 00365） 有關二零二三年中期業績公告的澄清公告 茲提述芯成科技控股有限公司（「本公司」）日期為二零二三年八月三十一日有關截至二零二 三年六月三十日止六個月之中期業績公告（「業績公告」）。 由於在業績公告的英文版中發現有誤，本公司董事會謹此澄清第25頁「股息」一段，應更正如 下： 「董事會不建議就截至二零二三年六月三十日止六個月期間派付中期股息（二零二二年六月三 十日六個月期間：無）。」 除上文所披露者外，業績公告中的所有其他資料保持不變。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 SINO ICT HOLDINGS LIMITED 芯 成 科 技 控 股 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：00365） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 告 中期業績 芯成科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公司（統稱 「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之未經審核合併業績（「業績」）。該業績 並未經審核，惟已於二零二三年八月三十一日由本公司之審核委員會（「委員會」）審閱。 簡明合併綜合收益表 截至二零二三年 截至二零二二年 六月三十日 六月三十日 附註 止六個月 止六個月 港幣千元 港幣千元 ...

Financial Performance - For the fiscal year ending December 31, 2022, the company's revenue and securities investment income amounted to HKD 231,616,000, with a gross profit of HKD 94,990,000, resulting in a gross margin of 41.01%[9]. - The group's revenue and securities investment income for the year ended December 31, 2022, was approximately HKD 231,616,000, a decrease of about HKD 91,365,000 year-on-year[43]. - The gross profit and securities investment income amounted to approximately HKD 94,990,000, down by about HKD 46,839,000 year-on-year, with a gross margin of 41.01%, a decrease of 2.9 percentage points[43]. - The SMT and semiconductor equipment manufacturing segment generated revenue of approximately HKD 231,140,000, a year-on-year decline of about HKD 77,697,000, with a segment gross profit of approximately HKD 94,514,000, down by about HKD 33,347,000[45]. - The group recorded a loss attributable to shareholders of approximately HKD 24,504,000 for the year, compared to a profit of HKD 38,282,000 in the previous year, indicating a significant decrease in profitability[69]. - The company reported a loss before tax of HKD 33.641 million for 2022, compared to a profit of HKD 46.416 million in 2021, indicating a significant downturn in profitability[147]. - The net loss for the year was HKD 33.092 million, a decline from a profit of HKD 38.282 million in 2021, indicating a shift in financial performance[147]. Business Segments and Developments - The SMT and semiconductor equipment manufacturing segment generated total revenue of HKD 231,140,000, with a gross profit of approximately HKD 94,514,000 during the same period[11]. - The company has successfully developed high-value products, including the new semiconductor packaging equipment "IC Bonding Machine" and "Nitrogen Reflow Soldering" equipment, enhancing its product offerings[8]. - The company is actively expanding its business in power storage stations and bird radar, achieving notable interim results despite facing financial pressures[8]. - The company has established a 500,000 kW/1,000,000 kWh energy storage project in Shanxi Province, covering an area of 96.07 acres, with the first phase completed in March 2023 at a scale of 100,000 kW/200,000 kWh[15][16]. - The company has developed a domestic low-altitude target monitoring radar system, with plans for on-site testing at partner airports in 2023[19]. - The company’s self-developed bird monitoring radar, the Nieshield S8, is the only commercial radar in China capable of detecting small targets, enhancing safety in aviation and power supply sectors[20]. - The company plans to expand its energy storage business into system integration, utilizing both independent construction and cooperative development strategies[31]. - The company expanded its business by adding new energy sales and bird detection solutions during the fiscal year[160]. Market Trends and Projections - The overall performance of the semiconductor industry is expected to remain within anticipated ranges despite external economic challenges[11]. - The global Mini/Micro LED market is expected to exceed $1 billion by 2022, with a projected penetration rate of 10% for Mini LED TVs by 2025, leading to sales of 25.5 million units[25]. - The penetration rates for smart cockpit-equipped new energy vehicles priced between RMB 300,000 to 400,000 and RMB 250,000 to 300,000 are 55.7% and 47.4% respectively, indicating strong market demand[26]. - The global demand for energy storage is forecasted to reach 40 billion watt-hours by 2025, and 1,000 million megawatt-hours by 2060, with a compound annual growth rate of approximately 7.0%[28]. - The new energy storage capacity in China is expected to exceed 30 million kilowatts by 2025, with mainstream storage technologies reaching world-leading levels[29]. - The global commercial radar market reached $12.2 billion in 2020 and is projected to grow at a compound annual growth rate of 5.6% from 2021 to 2027, with the market size expected to reach approximately $5.2 billion by 2026[32]. - The demand for bird detection radar is anticipated to exceed RMB 6.09 billion due to the rapid development of civil airports in China[32]. - The automotive Internet of Things module shipments are expected to accelerate, driven by the resilience of the domestic new energy vehicle industry despite challenges in battery raw material prices and supply chain issues[26]. Research and Development - The company has increased its R&D efforts in high-precision bonding equipment, achieving micron-level precision suitable for various high-tech industries[12]. - The company has added three new patents during the year, emphasizing its commitment to independent research and development[13]. - The company launched a new semiconductor packaging equipment IC bonding machine in 2022, significantly improving functionality, performance, and reliability compared to previous models[49]. - The company holds a total of 7 invention patents, 38 utility model patents, 12 design patents, and 11 software copyrights as of December 31, 2022[49]. Governance and Compliance - The company has adopted the corporate governance code and has complied with all provisions during the year[94]. - The board of directors consists of eight members, including two executive directors, two non-executive directors, and four independent non-executive directors, ensuring compliance with regulatory requirements[96]. - The company has established an appropriate liquidity risk management framework to meet short-term, medium-term, and long-term financing and liquidity management requirements[84]. - The company has implemented a whistleblowing policy to allow employees and stakeholders to report concerns anonymously[132]. - The company has confirmed that all independent non-executive directors are still considered independent as of the reporting date[173]. - The company has complied with environmental protection laws and regulations throughout the year ended December 31, 2022[194]. - The company has not entered into any significant contracts with its controlling shareholders or their subsidiaries during the year[180]. Employee and Stakeholder Relations - The company provides adequate training to employees to maintain and enhance their work capabilities[90]. - The company recognizes the importance of maintaining effective communication and good relationships with key stakeholders, including employees, customers, suppliers, banks, regulatory bodies, and shareholders[196]. - The gender ratio among all employees in 2022 was 30:7, highlighting the company's commitment to diversity[114]. Financial Management - The company has implemented a low-frequency trading investment strategy, holding financial assets valued at approximately HKD 85,000, which accounts for less than 1% of total assets[22]. - The company monitors cash and cash equivalents levels to maintain sufficient operating capital and mitigate cash flow volatility[84]. - The company faces foreign exchange risks due to transactions, assets, and liabilities denominated in RMB, HKD, and USD, and has not used any financial instruments for hedging during the year[86]. - The company does not recommend a final dividend for the year ended December 31, 2022, consistent with the previous year[89].